Analysts Are Downgrading These 5 Stocks

1. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 89

Craig-Hallum cut its ratings for Advanced Micro Devices, Inc. (NASDAQ:AMD) from “Buy” to “Hold” on Wednesday, January 1. Analyst Christian Schwab referred to the near-term headwinds across PC and cloud spaces. Schwab thinks AMD will continue to gain market share, though more likely at a “marginalized pace.”

The downgrade came despite the better-than-expected Q4 performance of Advanced Micro Devices, Inc. (NASDAQ:AMD). The computer processors maker recently earned 69 cents per share on an adjusted basis, beating the consensus of 67 cents per share. The quarterly sales of $5.6 billion also exceeded the consensus of $5.5 billion.

For the current quarter, Advanced Micro Devices, Inc. (NASDAQ:AMD) expects to generate revenue of around $5.3 billion, down 10 percent on a year-over-year basis and slightly below the consensus of $5.47 billion.

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